BETHLEHEM, Pa.--(BUSINESS WIRE)--Dec. 20, 2005--OraSure
Technologies, Inc. (NASDAQ:OSUR) today announced that it has taken
several actions in response to recent reports that specific clinical
sites in San Francisco and New York City and the L.A. Gay and Lesbian
Center have recently experienced an increased level of false positive
results using the Company's OraQuick(R) ADVANCE(TM) Rapid HIV-1/2
Antibody Test with oral fluid. The purpose of these actions has been
to ensure that customers receive the highest quality results with the
Company's products and that interested parties receive timely and
accurate information regarding this matter.
These actions are as follows:
- Immediately after receiving the reports, the Company initiated
a scientific and systematic evaluation of each situation and
has been working in collaboration with affected customers,
health care officials and government agencies including the
Centers for Disease Control and Prevention (CDC) and the U.S.
Food and Drug Administration (FDA) to determine the cause or
causes for these unexpected results. These evaluations include
the collection of test data, an assessment of test procedures,
specimen collection and other clinical variables which could
affect results at the sites.
- The Company has already met with each of the agencies
experiencing these unexpected results and is working
expeditiously to resolve the issues reported at these sites.
- The Company has been contacting its customers throughout the
country to determine if they are experiencing any unexpected
results or issues with regard to the performance and
procedures associated with the test, to answer any questions
they may have, and to reinforce the Company's commitment to
quality and customer satisfaction.
The findings to date indicate that the majority of sites within
the affected regions, as well as many other regions throughout the
country, have reported low rates of false positives for oral fluid
that are within the label claims for OraQuick(R) ADVANCE(TM). This is
helping progress the Company's investigation into site specific
factors which may be contributing to unexpected results recently
reported. The Company has contacted hundreds of customers that
represent a large majority of all test usage in the field and will
continue to closely monitor test performance throughout the country.
Douglas A. Michels, President and Chief Executive Officer of
OraSure Technologies, said: "OraSure's top priority is and always has
been to ensure that our customers are satisfied with the performance
of our products. We are certainly taking seriously the recent reports
from these clinical sites and we have moved aggressively to
systematically evaluate each situation as quickly as possible and to
report our findings as soon as we are able. Based on our investigation
to date, we remain confident in the overall performance of the test
and are grateful for the comments from customers, public health
officials and others who have also expressed their continued
confidence in our product. We believe OraQuick(R) ADVANCE(TM) is and
will continue to be a valuable tool in the fight against HIV/AIDS."
Background Information
OraQuick(R) ADVANCE(TM) is a rapid screening test for antibodies
to both HIV-1 and HIV-2, which can be used at the point of care with
oral fluid, finger stick and venipuncture whole blood and plasma
samples. All screening tests, whether used at the point of care or in
the laboratory, will generate a certain percentage of false positive
results. Consequently, all specimens that test positive for HIV with a
screening test must be confirmed by additional testing using approved
methods.
In November 2005, the Centers for Disease Control and Prevention
(CDC) presented preliminary post-market surveillance data from the use
of OraQuick(R) ADVANCE(TM) at 347 sites across the U.S. According to
the CDC data, a total of 17,220 oral fluid tests were performed with
an indicated specificity of 99.8 percent, which is consistent with the
FDA-approved label claims for this product. The full presentation can
be found on the web at:
http://www.fda.gov/ohrms/dockets/ac/05/slides/5-4190S1_8_files/
frame.htm (Due to its length, this URL may need to be copied/pasted
into your Internet browser's address field. Remove the extra space if
one exists.)
In December 2005, some specific sites in San Francisco and New
York City and the L.A. Gay and Lesbian Center reported levels of false
positive results while using OraQuick(R) ADVANCE(TM) with oral fluid
that are higher than expected based on the previously established
performance for the product. Other sites within these same regions
have reported performance within the product claims. In all cases,
these customers continue to use OraQuick(R) ADVANCE(TM) as their rapid
test for HIV screening.
About OraSure Technologies
OraSure Technologies develops, manufactures and markets oral fluid
specimen collection devices using proprietary oral fluid technologies,
diagnostic products including immunoassays and other in vitro
diagnostic tests, and other medical devices. These products are sold
in the United States as well as internationally to various clinical
laboratories, hospitals, clinics, community-based organizations and
other public health organizations, distributors, government agencies,
physicians' offices, and commercial and industrial entities.
OraSure Technologies is the leading supplier of oral fluid
collection devices and assays to the life insurance industry and
public health markets for the detection of antibodies to HIV. In
addition, the Company supplies oral fluid testing solutions for drugs
of abuse testing. For more information on the Company, please go to
www.orasure.com.
Important Information
This press release contains certain forward-looking statements,
including with respect to technical investigations, product
performance, and product use and sales. Actual results could be
significantly different. Factors that could affect results include the
ability to market products; impact of competitors, competing products
and technology changes; ability to develop, commercialize and market
new products; market acceptance of oral fluid testing products and
other new products or technology; ability to fund research and
development and other projects and operations; ability to obtain and
maintain new or existing product distribution channels; reliance on
sole supply sources for critical product components; availability of
related products produced by third parties; ability to obtain, and
timing of obtaining, necessary regulatory approvals; ability to comply
with applicable regulatory requirements; history of losses and ability
to achieve sustained profitability; volatility of our stock price;
uncertainty relating to patent protection and potential patent
infringement claims; uncertainty and costs of litigation relating to
patents and other intellectual property; availability of licenses to
patents or other technology; ability to enter into international
manufacturing agreements; obstacles to international marketing and
manufacturing of products; ability to sell products internationally;
loss or impairment of sources of capital; ability to meet financial
covenants in agreements with financial institutions; ability to retain
qualified personnel; exposure to product liability, patent
infringement, and other types of litigation; changes in international,
federal or state laws and regulations; changes in relationships with
strategic partners and reliance on strategic partners for the
performance of critical activities under collaborative arrangements;
customer consolidations and inventory practices; equipment failures
and ability to obtain needed raw materials and components; the impact
of terrorist attacks and civil unrest; ability to complete
consolidation or restructuring activities; ability to identify,
complete and realize the full benefits of potential acquisitions; and
general political, business and economic conditions. These and other
factors are discussed more fully in the Securities and Exchange
Commission ("SEC") filings of OraSure Technologies, including its
registration statements, its Annual Report on Form 10-K for the year
ended December 31, 2004, its Quarterly Reports on Form 10-Q, and its
other filings with the SEC. Although forward-looking statements help
to provide complete information about future prospects, readers should
keep in mind that forward-looking statements may not be reliable. The
forward-looking statements are made as of the date of this press
release and OraSure Technologies undertakes no duty to update these
statements.
CONTACT: OraSure Technologies, Inc.
Investor Contact:
Ronald H. Spair, 610-882-1820
Investorinfo@orasure.com
www.orasure.com
or
Media Contacts:
Zer0 to 5ive
Jennifer Moritz, 917-748-4006
jmoritz@0to5.com
SOURCE: OraSure Technologies, Inc.